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BENGALURU: Telehealth market leader Teladoc Health said on Wednesday it would buy Livongo Health Inc in a cash-and-stock deal, valuing the company at $18.5 billion, to cash in on a rise in demand for online consultations amid the Covid-19 coronavirus crisis.
WASHINGTON/LONDON/SYDNEY: Virgin Atlantic Airways Ltd is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, which allows a foreign debtor to shield assets in this country, according to a court filing on Tuesday.
NEW YORK: Merger Monday came roaring back this week, with a spate of acquisitions from health care to consumer hitting the tape.
KUALA LUMPUR: Fraser & Neave Holdings Bhd's (FNH) net profit fell by 18.3% to RM93.84mil in the third quarter ended June 30,2020 as revenue was impacted by the Covid-19 pandemic and movement control orders (MCO).
LONDON: European shares fell after opening higher, following a mixed bag of earnings results, while the dollar's rebound stalled as investors waited for progress in talks on government aid in the United States.
BENGALURU: Gold held steady near record highs on Tuesday as worries over global economic fallout from mounting COVID-19 cases offset an uptick in risk sentiment driven by positive U.S. economic data.
Fund-raising to strengthen its financial technologies
NEW YORK: The staple US portfolio of 60% equities and 40% fixed income proved resilient this year, but strategists are now considering alternatives to government debt after some bond yields reached historic lows.
BEIJING: China’s factory activity expanded at the fastest pace in nearly a decade in July as domestic demand continued to improve after the coronavirus crisis, though export orders and employment remained weak, a private business survey showed.